Evening Star Newspaper, June 14, 1930, Page 13

FINANCIAL. CITY INVESTMENT C0. BONDS CALLED $2,270,000 Issue Wil ftedeemed July 15 at 102 and Interest. BY EDWARD C. STONE. 4 _Announcement is made of the calling of the City Investment Corporation Bei"' 378 231 Adams Bxp (1.60)... Notice—All stocks are sold in THE EVENING NEW YORK STOCK EXCHANGE Recelved by Private Wire Direct to The Star Office. one hundred-share ~Prev.1 share lots excepting those designated by the letter s (650) (3850) i D which shows those stocks glrevasse~ b iy 32 23 156% 118 be sold in odd lois only. Stock l Sales— Dividend Rate. Add 00, High. Low. Abitibi Pwr & Paper, 2 29% 28 290% B8 28 27 274 5 29% 291 29% AT AR 1304 184% Adams MIIH® (3)ecea Alr Reduetion (3)... 214 1% Ajax Rubber. . 1% 1% 1% 9% 5% Alaska Juneau. 54 b4 15% 84 Albany Wrap Paper.. 81 814 35% 21% Allegheny Corp 255% Allied Ch & D 49'% Alils-Chalmers (3) 567, 343 37 22% 21% 21% 4 290 290 290 564% 564 Amerada Corp (2)... 26 26% Am Beet Sugar.. 6% 7 Close. Close. 28% 2% 29% 138% 1% 5% 10% 22% 201 01 £ . (64e). 60s First Nat Strs (23%). 4 Flsk Rubber o B1 Fisk Rubber 1st pf. . 31 Fisk Rub 1st pfev... 708 Foster Wheeler (2).. 55 Fox Film (A) (4).... 15! Freeport. Tex (15).. 12 Gamewell Co (5). Gardner Motor. STAR, WASHINGTON, D. C., SATURDAY, JUNE 14, 1930. FINANCIAL 'STOCKS ARE LOWER IN QUIET MARKET & Lack of Demand Results Price Concessions—Most Groups Sag. BY GEORGE T. HUGHES. Special Dispatch to The Ster NEW YORK, June 14.—Stocks sagged NEW YORK BANK STOCKS NEW YORK, June 14 (#).—Over-the- counter market: | Cnase. C Banker Cent @ Chelsea Bk Chem B & e Exchange Count Gunrant Trving New “Pork ex’div | the nature of the ba RICHMOND BANK REPORTS| DROP IN EARNING ASSETS| Special Dispatch to The Star. | RICHMOND, Va, June 14—Idle millions are lying in the vaults of the| Federal Reserve Bank of Richmond. | These millions are unemployed, for the | time being, because member banks have | ample resources of their own for buSX- ness and agricultural loans. The total earning as Federal Reserve Bank of Ric 540,638,000, against $62,238,000 last year at this time, according to the weekly, statement of the bank's condition, issued recently by Gov. George J. Seay The statement shows some change in earning assets. Investments in Gover have increased $2,000,000 since las week. although bills discounted and bills purchased show but slight change. ENTERPRISE SERIAL BUILDING ASSOCIATION | 7th St. & La. Ave. N.W. J Money loaned to members on easy monthly payments James E. Conntlb hu-n I. Shea Preside; ff | United States.” Westchester Tile DRUG STORE FOR SALE ‘What an oppor- tunity for a man with cash and am- bition! Gen Cable (A) @, 1 Gen Electrio (1.60).. 36: Elec spec (60c).. Gen Food Corp (3). . Gen Gas&EL A (30). Gen G&El cv pf(6 25 Am Beet Sugarpf..a 20% 20% 29% 55% 30 Am Bosch Magneto.. 33% 324 33% B4% 44 Am Brake Shoe(2.40) 4% 4% 44 21% 8% Am Brown Bov Elee. 16% 16 16 1561 117% AmCan (4)....cc000 8215 52 AmCar & Fdy (6)... 69% 46 Am Chain Co (3) 101 Am Chain pf (7 114 86% Am Chicle (12%) 3 1214 Am Comm Alcoho 101% 65 Am & Forn Power... 10 111% 107 Am & For Pwr pf(7). 3% 197 Am Hawallan SS (2) 4 Am Hide & Leather.. A'A 4% 4'6 35% Am Internatl (3).. 38% 247 Am LaFr & Foam pf. 26 36's Am Metal (3) 4 368% ' Am Plano.. 1 119% 77 AmPwr&Lt (31 107 100 Am Pwr & Lt pf (8) FEM 80 Am P&Ltpf Ast(5). 264 Am Ra&Std San1%. Clarence F. Norment. 20 Am Republics. 2 624 Am Rolling Mill(n2) 1% Am Ship & Com The reserve ratio is 75.68 77.05 last week and 59.49 one Rescrve deposits of member amount to $62,987,000. The sum of $65,858,000 in Federal Reserve notes in actual circulation is more than offsct by the $92,384.000 in gold reserve held by the Richmond bank. Manufacturers will open their display of Fall neckwear beginning July 1. Market repor tate that business is holding up fairly well and the outlook for sales during the Summer 15 promis- ing. i in quiet trading in today's week end market. There were only a few out- standing instances of weakness and there were a few individual issues to move against the trend, but for ihe| NEW YORK, June 14 (F).— s ged (N most part the list worked lower, not Resul Gen Milla (3) .- s . s0 much because of pressure as be-| Pe- Pav- Hldrs. of Gen Motors (13.30).. 464 B cause of lack of demand. | g Gompany. | yRateriod avle’ record. Gen Motors pt wi () 15 How far the of the tariff | & re @ guly’ 1 June st Gen Motors pf (7). .. biil by the Ser as_an influence it | Bavuk | Cienrs.. c @ Tl 33 Tine 30 Gent Out Adv (2). was difficult to say. Here and there Q July 15 June 30 Gen Out Adv(A) (4). ;| an individual price fluctuation could be Tk Gen PublicSve (b6) ascribed to this development as, for Jiihe 30 example, the advance in International | June 30 Cement, the commodity in which that July 1 company deals being one of those on |Ci which a much higher duty is placed. | 5, On the whole, however, there was little talk of the tariff. Metal Price Reduction. Perhaps an exception should be made of the selling in the coppers. Paris cables to the eflect that European re- sentment against America’s higher tariff would result in an agreement on the part of foreign corporations to place their buying orders for copper else where than in the United States prob- ably brought lig ion into the per stocks here, The offering by smatler smelters of metal at 12 cents a_pound and the reduction in _the export price to 12.55 cents from 13 cents affected | the market fully as much again. Anaconda broke to & new low for the year. Calumet & Arizona slumped more than 6 points. American Smelting & Refining sold at the lowest for 1930 and other metal shares were in supply. International Telephone & Telegraph displayed weakness, dipping under its previous minimum price for the year. This was seemingly in reflection of the decline in the first quartet net, when 57 cents was earned for the stock against 84 cents in the first three months of 1929. Oils and Rails, Standard stocks started off higher or | unchanged but the improvement was Fm' Mortg.ge L°ln' not held and in the second hour prac- tically all of them were selling under | LOWestRatesof Interest and Commiasion their previous close. That was the case | Thomas J. Fisher & Company, Inc. | first mortgage 6’2 per cent gold bonds secured on the Investment Building, Fifteenth and i streets northwest I The bonds to be o redeemed aggre- ke gate §2270,000. 2 They are to be re- deemed on July 15 at 102 and accrued interest, the bonds being numbered 711 to 5260, in- clusive, ~all the bonds ‘secured by the deed of trus outstanding. ¢ Holders of @' bonds are being warned that in- gerest on the issue Will cease afler July 15. They can be Tedeemed at the office of the Real state Title Tncurance Co. of the Dis- trict of Columbia and the Columbia o e e 6 68 6% 681 Title Insurance Co. of the District of 133's AmSm & Ref pf ( 1 138% 1387% 1387% Columbia at 503 E street northwest. 291, 7 Am Solv & Chem 1 8% 8w 8n - "’"‘1’: )C;‘;‘_ B ‘:?,I.- Bui !-'vi’lh" ., Inc., Am Steel Fdy (3).. 1 41 41 Bu l:_““lg‘ e Hew of h Am Sugar Ref (5). 2 BR% B8 i il 1’! 8 o Am Tel & Cable (5).. 80s 16 16 S ORE R aRire D) % Am Tel & Teleg (9). 102 218% 215 ngton. The bonds Amietactant) 2 240~ 240 Grt North pf () iisted on the Wa Am T co B (8). 11 245 243 9 Grt North pfet (6). change. The fact are being or Wks (n1). 44 100 92 9! Gr Nor ctfs Ore (a% called within the next month, however. 91 Wi 0 Grt West Sug(1.40) is of wide interesi to the financiai O L 1?“ Grigsby Grunow. district as the issu of more than $2,- | 34vs 19% Am Weol arais ot Guif Mo & N pf 350,000 is largely held here. AR et e s 1 Gult States St + Clarence Norment Congratulated. o B B L el ] Clarence F. Norment, chairman of fif{: ::“ ::2 E:‘”'.V,f.,’"“"" board of directors of the National 313 313 Herahey Chos (b Bank of Washington and chairman of i pt Hoo (%) & Coneor the board of the Norfolk & Washington 295 Hollander Son Bteamboat Co., received many congrat- H:ualnm"‘}{o? ulations this week on the occasion of Household Fin pf(4) his seventy-fourth birthday. ‘The date 5% Armour of Ill (A) Houston O11 (b10%) . was June 10. S 2% Armour of 11l (B) Howe Sound (143) Mr. Norment has been prominent in| g5 55 Armour of Ill f (1)e Hudson Motor (5)..+ Washington financial affaiis for many 24% Art Metal Constr(2). Hupp Motor Car (2). years, being president of the National 33% Asso Appl Ind (4).ee g Ty Bank of Washington for & long time. 28" Asso Dry G (%) AB8)6 ELINAIE Oubtea) (1) As far back as 1895 Mr. Norment was 215% Atch To& S Fe (10) . president of the old Central National 102% Atch To & SF pf (5). Bank, Although in his seventy-fifth | 'sox 5svw AtlGulf& W Ind(1). zenr "‘;e ;e«cr}.«? flrl,‘_flnl‘fl‘r : ;:‘:XP kflc; 51% #6'4 Atl Refining (12). 18 89% 239% 39 ive and visits his office at the Bank of | 106 72 Atlas Powder (4) 3 T8 724 2% . Washington every d 5 106101 Atias Powder pf (6):1008 105 108 108 ok R ey He is a_director the American 26% Atlas Stores (n1) 205 20% 20% et s e e g % Becurity & Trust Co. and the Washing- | 263% 1201 Auburn Auto (34) 18 152 125 B Tnet Asviont ot 1) “+ ton Rallway & Electric Co., and holds| €0 56 AustrianCred (4.49). 2 b2% 524 52 “2.‘ e i g membership in the Washingion Stock | 58% 37 Auto-StropSafR(3) 3 53% 6521 53% q Intl Cu.i - Lt‘t’i w Exchange. Mr. Norment is & member | 9% 4% AviationCorpofDel 12 6% 6 6 I,’,‘fl e astiie), %- ,Of the Metropciitan Club. Chevy Chase | 2o 9o Baiawin Loso (1%)- 10 24 -~ 23% 28y . . - 24 % Intl Combustion. ... ga‘bAs‘s:““l;’gb‘B “fho“l’;“;‘ lxsi;:lb:t;nat:;ld 122% :05% Balto & Obio (1).... 19 107% 106 105 Intl Harvester (3%4). RICHMOLL. i 841, 63 Bang & Aroos (3%). T4 T4 Intl Hydro E1 A (e2) Thomas New Bond Club Head 2% 16 Barker Bros (). lix 18k Intl Match pf (4).... 5 34 20% Barnsdall, o 2814 Intl Nickl of Can(1). - prfé‘,fi‘é“n“‘ of the Wactinsion | 99% 97 Bayuk Cgr latpf(d 99 Intl Pap & P (A)2.4 Bond Club at the annual meeting held | 32~ 674 Beatrice Cream () 80 Intl Pap & Pwr (C! yesterday afternoon and evening at the | 0% 50 ~Beech-Nut Pks (3 50% Intl Pap&Pwr pt (1 Burning Tree Club. Lawrence M. Proc- 57% 32% Bendix Aviation (2). 35% Intl Salt (8) » g 156% 381% t & Co (2). l 47 Intl Shoe (3). tor of Alexander’ Brown & Sons, was chosen vice president, and W. W. 110% 85'% Bethlehem Steel u). 874 871 Intl Tel & Teleg @7 Mackall, who heads his own Investment | 134 1224 Bethlehem 8t) pf (7) 29 Investors Equity(3). firm, was elected secretary-treasurer, to| &% 34% Blaw-Knox (1%)... Island Creek Coal(4) sucoeed Mr. Proctor. A i Syl o 7{:)-- @). Jewel Tea (14). Baker Robinson of Y. E. Booker &| ot $0% Borden o (R3do.... Johns-Manville (3) 1 Co., mams his position on the h.\ard 1'12‘ 9;\; B an & aAIRs () K C P&L 15t pt B(6). ende e 3 her| 3310 13 Brockway Motor Trk th-Albee-O pf(7). governor :rllemd the three (;bccr(;n con- 181 Bkiyn Union Gas (5) 196% 136% Kelly-Spring Tire. .. . iy petiring president s Frankii 1414 Bruns Ter & Ry 8... 19 19 Kelly-Spring 8% pf. B its of B M. Rollins & Sons, The i SicyEus ). g Bl < g R :;;bendnnoe at tthhe %J\nua: mie(mn ;nél 40: u:u Ifi: lf:; Kennecott Cop (3) e outing was the largest yet recorde ' Kimberly-Clark (13). Guests were present {rom Baltimore and T d i L Kinney (yempn-) Newark. Prize winners in the contests were s the following: Golf, first C. F. Crow- 16 38 382 28 der, Southern Securities C“"PD';“:"? 351 Bush Termnl (2%).. x uu 36 36 Kreuger & Toll 1.60.. second, R. anromfi Bn}unia La ;\r 215 But! 2% 2% e Kroger Gr&Bak(nl). waa‘s;:o. nulrggnifé Cr;‘_v bt SL‘ ¥y 12w 70 n nsu 82 83 Lambert Co (8).. £ NC-EL M Y : second, J. F. | 77,0 g3 Calif Packing (4 4 6T% 661 66% Leh Port Cem (333 . BT I A Ping frst | §9% 50% Calumet&Aris (2).. 13 60K 56 57 Eelisn valley{263%) 8, o1 33% 164 Calumet&Hec(al%). 5 16% 16% 16% asmanGarp {8).-.o g g i 3 2264 187% Canadian Pacifie(10) 16 200 196% 196% 58 & Myers B(15). stock exchange win- 4 Ligg & Myers pf (7). e s S AThath: Howard, | Firerians, 3n- | /o0 (A3 Canbaciiocgmiw (12 804 TASe 4tk Lima Locomotive. ... "mgurshce Co.: Thomas W. Brahany, ¥ Liquid Carbonie (4). Orane, Parris & Co.: Ma). Ennaiis| A2 31 CapialAamapt) 1 87 Loow's, Ine (3)..... Waggamsn, Brawner & | 862% 1924 Case (JI) (6)...... 35224 211 Loew's pf xw (634 ags! ¥ GoEL Oncarpliis bl ik DF AT ETI S0TA e e 60 Cavanagh-Dpf(6%) 10s 60 60 6! St o 5 Lorillard (P) Co 2 16% Celotex (3). e 12 18 17W 17% I it; Chacles Carroll Morgan; G. M- 49% CerrodePasco (6).. 11 49 484 481 i o g Murphy & Co., putting contest; ot W Loutsiana Ofl. Kenneth S. Wales, Bonbright & Co., D s s O LouG & E1(A) Siuie. Sidmey % Eioate, peiss snd 241 1701 Ches & Ohlo (10). o0 3 170% 1781 1784 Lawrence M. Proctor, tickets. Mem- 60% Ches&OhloCorp (3) 2 62 62 62 bers of the nominating committee were 51 Chl & Alton pf Fi i 5% Kenneth S. Wales, Charles Carroll Mor- 362 CHLA Eantaia 1 s 3 gan, Robert Stead. Franklin H. Elis | 7.0 1is CniGreat Westera « % Y snd W. W. Mackall. 15% Chi Mil StP & Pac W 17% 161 i o Traction Dividend Rate Setiled. % 25' Chi MilStP& Pacpf. 1 27 25% cKes & Ro p: Divisend a 75 Chicago & N W (§) 2 76 [ Mack Trucks (6).... The most important action taken by| 37 17' ChiPneu Tool...ces. 4 18% 17% 18% Macy (RH)&Co(nt) any local corporation during the present | 1251 105% Chi R 14& Paa (1) 2105 105 105 Madison 8a G (134).. week was the declaration of a quarterly | 10414 98 ChiRI1&Pacpf(f). 2 98 98 98 Magma Copper (5). dividend of $1 per share on the stock 110% 106 ChiRI&Pacpf (7). 1 105% 105% 106% Maliison & Co. . of the Capital Traction Co., thus re- 264 Chi Yellow Cab (3).. 30s 26% 26% 264 Man Eleo Supply. ducing the rate to $4 a year from $6. :«2\4‘ 20 Chickasah Cotton Ol 2 20% 20% Man Elev mod g '05) Through an error -on the Stock Ex- 53 Childs Co 12.40). 15 61 61 Man Shirt (2) change sheet it was indicated that the| 43 30 Chrysler Corp (3)... 44 304 31 Marmon Mot (h50c) . seme rate had been maintained. 49 39% City Ice&P (k3.60) 1 a% 4y Marshall Field (2%4) Voting of the $4 rate settles a long| 13% 7% City Stores (50s. 8 % 8 4 Mathieson Alkil (2). discussion as to the pres- | 191% 133!4 Coca-Col 10 183% 179% 179% May Dept Strs (n2).. ent quarter. Stockholders have known| 354 14% Collina & Alk 5 28 224 22% Maytag Co (12) for a long time that the Capital Trac- 12% Colonial Beacon 2 14 12% 14 Mengel Co (2)... tion Co. was not n‘m){ 6 per cent a 3614 Col Fuel & 13 58 56 56% Mexican Seaboard. year and that eventually the rate must 69 go: gu ::: ). 8 T4 T2 T2 :fl:mc‘ofif‘;:::‘(;) owered. e chiel que 104% Col Gas A 3 10 A . Skt Ry W P Midale States Ofl et. Department of the Company's home office, has been per cent or 2 per cent e the cor- 6 145 141% 141% 14d% Minn Moline Pwr. placed in charge as manager. poration was not earning ouvite 5 per » Comm Credit (3) 19-27 36 36 3 Mo Kan & 1) H \ cent it was decided to make a com- 5 31's Comm Inv Trigl.60) 9 35% 34% 35 Mo Kan & plt g plete job of it and cut payme 24* Comm Solvents (21) 78 26% 25 26% % Montgom 4 per cent so t it will no 12'x Comwlth & Sou(60c) 73 16 158 158 Moon Motor: necessary to t n 99 Cmwlth & Sou pf (6) 6 102% 1023 102% Morrell & Co (4.40)., surplus funds to ¥ 1214 Congoleum-Nairn... ! 12% 3% Mother Lod Falling off in s 395 Consol Cigar (7). Motor M en the cause of the two reduc 67 Consol Cgroprpf 6%. Go. Motor Wheel (3). from the old rate of 7 per cent 76% Consol Cigar pf (7).. zc- Murray (b2 %stk) vately ‘owned sutomobiles and the in- |, 15' Consol Film 13).. ... Myer(FE) & Bro(2). cremxe-in bus lines have been the main 18 Consol Film pf (3 Nash Motors (6).... Fwétorasin reducing street car earnings, | 12 6% Consol Gas N ¥ (4). Nat Acme (1%) Recently, however, another element of 99:; Consol Gas NY pf(§) Natl Afr Tran competition_has entered v 49 Con RR Cub pf (8. Natl Biscuit, n(2.80). ture; the 35 c: - 2 1 Consol Textile Nati Cash Reg.A(14) cut in taxi s b 2'; Contl Bakmng (A)..e 4 Natl Datry (32) by both the Ca 3% Contl Baking (B) . ... Natl Dept St 18t Washington Contl Baking pf (3).. ) 50% Conti Can (33). r 18% Contl Diamond (2) ’ b Natl Lead ¢18). sidered attractive, prot suffici 58 Contl Insur 13.40) ... Natl Lead pf(A) keep the sto h lower, 414 Contl Motors Natl Pwr & Lt (1)... The directors are waiting for the court 1814 Contl Oil of Del Natl Supply (6) ruling by which they hope to get higher %« Contl Shares (1) Nevada Copper car. 3 i Corn Prod (13%). N O Tex & Mex (7). -They: also expect 5 Newton Steel (2). cangesion in d pankdeg will be a DIVIDENDS DECLARED ‘k z msv. mm mw. Lantz Drug Store, 7th & D St S.W,, to be sold proprietor dead; business must go. Established over 10 years; act quick. William A. Lee, Adm. 344 D Street N.W, June 14 Tune 14 June 14 Gen Refractor(14%) Gen Steel Cast pf (6) 4« Gen Theat Equip vte. Giliette Saf Ras(ns). Gimbel Bros Glidden Co (2) Gobel (Adolf) Gold Dust (2%)..ves Goodrich (B F) (4). Goodyear Tire (5)... Gotham Silk Hoslery Gould Coupler. Graham-Paige. Granby Copper (8).. Grand Union.....eee Grant (W T) (1), the Funds Available 1 e 5 30 5 5 for 1st Mortgage Loans! Robert W. Savage 1 i 1 i 5 ? S35 e 717 Union Trust Bldg. 3 i 1 i i PP IIIIIPLIIP00000000000 00000 hie 3 Fire" B Vigody's, 1oy ser “s g eIttt erettrsretttrreete i | 15 | ] Natl 6199 ik |5 gaoaaoog‘ooooo' 000000000; © June 30 Locomot Fire Box.25¢ Initial, Stores......15c Q Increased. ..62'0 @ Reduce Eumphreys Mfz....25c Q Interim, Avex, Trinidad oflnds. June 18 First Mortgage Loans On improved Real Estate in the District of Columbia and nearby Maryland and Virginia for 3, 5 or 10 year terms on your | Kavbee July 1 Raynee Go... July 1 June20 June 30 June 15 Office Building 80% Anaconda W&C (3) w 85 Anchor Cap (2.40). 21% Andes Copper (3)... M Omitted. Berk & Gay P 7% L7 @ Storkline " "Furn.....15%c Q@ Deferred. £ 82 Apartment te May 18, e July 1. -Dan-M (: 74% Armour of Del pf (1), Berk & G F 8% Due June 15. RANDALL ¥. HIAGNER & COMPANY MORTGAGE LOAN CORRESPONDENT Ane s AN 20% Independ Ofl & G(3). 125 Indian Refinin 11% Indian Refinin 154'% Ingersoli-Rand (15) 16% Inspiration Cop (2) 8 3 7 216 216 215 1 106% 106% 106'% 8 B8 58 58 NEW YORK LIFE INSURANCE COMPANY 1321 Connecticut Ave. Decatur 3600 with United States Steel, General Elec- tric and Standard Oil of New Jersey. | The utilities made a good showing at the opening, but they, too, lost their gains in later dealings. Probably the oils aid as well as anything else. Trans- | continental was bought on the an-| nouncement of the proposed taking over | of the company by Ohio Oil. | The rails came out on the tape fre- | quently. New York, Chicago & St. | Louis made a new 1930 low and Atchi- | n_duplicated if Real Estate Loans Lowest interest and commission. Large and small loans negotiated. [ Also money for sound 2nd i Trusts First Mortgage Loans Moore & Hl“ Inc prii ‘ RANCOIS BLANC, founder of Beating the Game the famous gambling casino at F Monte Carlo, is said to have conceived the project one rainy day when he jokingly played a roulette wheel for the price of an umbrella. In Arlington County and irginia (Since 1900) Commonwealth Investment 730 17th Street N.W. Co., Inc. 800 15th St. N.W. Phene National 2623 Mortgage Loaw Correspondent for The Prudential Insurance Co. of America Real Estate Loans 51} & 6} Applications invited for Loans on District of Columbia and Maryland Properties. SHANNON & LUCH S‘ L i U | 1435 K St. N.W. National 2345 Instead of winning an umbrella he lost 1,000 francs and this brought home to him the realization that no one can “beat the game” in gambling . . . And what is true of the race-track and roulette wheel is equally true in the field of finance—only the man who does not take a chance is always sure to win. In the unfailing, unvarying return of investments such as the First Mort- gage Notes sold through the Swartzell, Rheem & Hensey Company, the small as well as the large investor will find a sure means to increasing wealth. We will be glad to send you a booklet fully describing these Notes. Or you may prefer to call and go over your problems with us personally. Money to Loan Secured by first deed of trust on real estate. Prevailing interest and commission. Joseph I. Weller 5755 & § ' Money on Hand to Loan on First Deed of Trust 699 Interest Reasonable Commission and Prompt_Replies to Applications JAMES F. SHEA 643 Louisiana Ave. N.W. Outing chairmen were Robert Stead, Mac And & F (12.85), Melntyre Pore M(1). McKeespt T Pl (15) .. McKesson & Rob (2) New York Title and Mortgage Company (Washington Branch) SWARTZELL, RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.w./ WASHINGTON D.C. The New York Title and Mortgage Company is pleased to announce the opening of its Washington Branch Office 1425 Eye Street NNW. Mr. W. J. Booher, who for the past several years has been connected with the National Title Insurance | Capital & Surplus 1 $3,500,000.00 The Branch Office is prepared to render prompt and efficlent s title service in connection with all real'estate transactions, Deposits invited in any amount. Open Until 5:30 P.M. June 16th More Than Mere Convenience —demands consideration, when choosing a depository for your Pay- day and other savings. f['Your bank should be strong and ably managed as well as readily ac- cessible. On these points, this old bank is in the fore-front, having demonstrated its stability by over sixty years of continuous service. Same Rate of Interest Paid n Large and Small Accounts 190121%117:1175‘ FIRS MORTGAGES lgg% 10;% THE MORE MODEST YOUR INCOME the stronger the appeal of our 6% FIRST MORTGAGES that the growing| 33 16 automobile Cr 104 mof Wht( osley Radio. N Y Chi & StL pf(6). N Y & Hariem (5)... 208 N X invest (1.20) i NYN NY we airectors feek that they h: one course to !nflov\ m this lates idend actior igectors ot savmgv nk regular quar cent, payaile Ju BETTER TONE IN BONDS " IS NOTED IN REVIEW Spesial Dispatch to The Star \NEW -YORK, June 14— Many factors are operating to beng about a further improvement in the bond market, ac- cording to the Halsey, Stuart & Co. qu.mrly review, which was issued to- day. According to the review, a great o deal of money is accumulating that| 2554 175% Eastman Kodak (13) last year was employed in the stock, 47% 24' Katon Azle& S (3).. market, in building and in commerce| 62 40 Kitington-Schild pf. and industry. As this meney accumu- | 114% 784 Elee Auto Lite 18) lates it will not be allowed to remain | 103'a 49% E1 Pwr & Lt (1). jdle. More and more of it will find its | 112 106i3 EI Pwr&Ltpf(7).. 4 107% 107 way into the channels of investment,| 79% 66 ElecStorage Bat ) 2 €9 69 and, as this happens, it is almost cer-| 14 ,‘g:f :;'""z';?":;«;lv‘&f“;-“’o' fain o increase the demend for good i Eantome tid () 3 Continuance of unusuzlly low rates on 450 Keln B 5 money and the decline in commodity 19% Bureka Cai 2 prices are also indicated as factors 24 1 rbanks M bl 1 as an investment. You are not taking any risk for your money is underwritten by the conserva- tively appraised real estate upon which the loan has been made; and the return is definitely fixed at 6%. { H & Hart (6). 4 NH&HDPf (.. 2 Norf & Western (10) 1 % North Am Aviation.. b8 North Am(bl0%stk) 49 North Amer pf (3). orth Am Ed pf (6).. Northern Pacifie (5 North Pacific ct (5) 011 Well Supply. Oliver Farm Equip Olly Fr Eq ev pt(3) Orpheum Cir pf (8).. 41'¢ Cudahy Packing (4) 113 Curtis Publish (16%) 6'% Curtiss Wright Corp 0% Curt Wright Corp A. 1y Cutler-Hammer(3%) Davison Chemical .. Deere & Co pf (1.40) . P4 Del Lack & Wn (17). 60 Denver & RG W pf.. 255% w.‘. Detroit Edison (8).. 237 Diamond Mateh (8).. “6% Dome Mines (1). Dom Stores (31. Ower a Third of a Century Without a OFFICERS: WILLIAM D. HOOVER. WOODBURY BLAIR. . FRANK STETSON. nd Vice Pres. and Trust Officer Loss (DIRECTORS: % ] 7 34 9% T8% T8W 7 23% 21% 21% 14 120 117% 117% 2 119% 119 119% .. 1808 52% 52% 52% 16 225% 216 218 1 28 6! . .President 1st V. Pres. May be purchased in amounts from $250 up—upon our con- venient Partial Payment Plan. B. F. SAUL CO. National 2100 925 15th St. N.W. Pacific Gas & £1 (2). 35 Pacifio Lighting (8). 18 Pacific Tel &Tel (7). 2708 mmszze £k ey = 5. Z B =5 et | "57% 44% Durham Hos pf( Pan-Am Petm (B Panhandle P & R. Param’nt Publix Park & Tilford (13) = the District of Columbia THERE IS " Cor. 15th and New York Ave. NO SUBSTITUTE FOR ‘SAFETY . the bo ket, the re- 2% Yiew tome.~ S0 g &5 Fid Pho Fire X :